Greenfields Petroleum (CVE:GNF) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Greenfields Petroleum Co. (CVE:GNFGet Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.30 and traded as high as C$0.31. Greenfields Petroleum shares last traded at C$0.30, with a volume of 3,600 shares changing hands.

Greenfields Petroleum Price Performance

The company has a debt-to-equity ratio of 64.88, a current ratio of 0.11 and a quick ratio of 0.09. The company’s 50 day moving average price is C$0.30 and its 200 day moving average price is C$0.30. The firm has a market capitalization of C$651,600.00 and a P/E ratio of -0.02.

About Greenfields Petroleum

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Greenfields Petroleum Corporation, an oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan. It holds interests in the Bahar project, which consists of the Bahar gas field, Gum Deniz oil field, and exploration area covering an area of approximately 76,500 acres of producing oil field and a gas field located in the shallow waters of the Caspian Sea.

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